Diamondback Energy (FANG) Update - Mar 24
Posted: Wed Mar 24, 2021 11:33 am
FANG is trading at $76 at the time of this post.
FANG closed the merger with QEP on March 17, a week ago, taking FANG's production up to approximately 275,000 Boe per day.
Since the beginning of March, eight energy sector analysts have published new reports on FANG. Their price targets range from $85 to $105. Only 2 of 8 are below $100 per share. Citigroup is the only update (on 3/23) that was published after the QEP merger closed; their price target is $100.
I am finishing up the updated FANG profile today and we will publish it in the morning on March 25.
FANG closed the merger with QEP on March 17, a week ago, taking FANG's production up to approximately 275,000 Boe per day.
Since the beginning of March, eight energy sector analysts have published new reports on FANG. Their price targets range from $85 to $105. Only 2 of 8 are below $100 per share. Citigroup is the only update (on 3/23) that was published after the QEP merger closed; their price target is $100.
I am finishing up the updated FANG profile today and we will publish it in the morning on March 25.